Universal Display (OLED)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 1,832,330 | 1,668,960 | 1,532,820 | 1,466,920 | 1,269,230 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,832,330K
= 0.00
The debt-to-assets ratio for Universal Display has been consistently reported as 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has no debt relative to its total assets during this period. A debt-to-assets ratio of 0.00 typically suggests that the company does not rely on external borrowing to fund its operations, which can be viewed positively by investors and creditors as it signifies a strong financial position and solvency. It also implies lower financial risk and greater stability in the company's capital structure.
Peer comparison
Dec 31, 2024
Company name
Symbol
Debt-to-assets ratio
Universal Display
OLED
0.00
Hubbell Inc
HUBB
0.22
Mercury Systems Inc
MRCY
0.25
Vishay Intertechnology Inc
VSH
0.00